Napa Auto Parts 2003 Annual Report Download - page 22

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20
CONSOLIDATED BALANCE SHEETS
(dollars in thousands) December 31, 2003 2002
ASSETS
Current Assets:
Cash and cash equivalents $ 15,393 $ 19,995
Trade accounts receivable 1,084,874 1,039,843
Merchandise inventories 2,140,811 2,144,787
Prepaid expenses and other assets 176,548 172,362
Total Current Assets 3,417,626 3,376,987
Goodwill and Intangible Assets, less accumulated amortization 58,028 58,705
Other Assets 297,851 292,312
Property, Plant and Equipment:
Land 36,428 36,562
Buildings, less allowance for depreciation (2003 - $111,646; 2002 - $105,348) 124,600 124,546
Machinery and equipment, less allowance for depreciation
(2003 - $378,869; 2002 – $360,732) 181,964 171,943
Net Property, Plant and Equipment 342,992 333,051
$4,116,497 $4,061,055
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Trade accounts payable $ 706,609 $ 735,183
Current portion of long-term debt and other borrowings 52,525 116,905
Accrued compensation 72,086 63,825
Other accrued expenses 115,805 123,094
Dividends payable 51,331 50,557
Income taxes payable 18,575 21,366
Total Current Liabilities 1,016,931 1,110,930
Long-Term Debt 625,108 674,796
Deferred Income Taxes 114,533 97,912
Minority Interests in Subsidiaries 47,642 47,408
Shareholders’ Equity:
Preferred Stock, par value $1 per share—authorized
10,000,000 shares; none issued ——
Common stock, par value $1 per share – authorized
450,000,000 shares; issued 174,045,263 shares in 2003
and 174,380,634 shares in 2002 174,045 174,381
Additional paid-in capital 32,853 44,371
Accumulated other comprehensive income (loss) 4,835 (60,522)
Retained earnings 2,100,550 1,971,779
Total Shareholders’ Equity 2,312,283 2,130,009
$ 4,116,497 $4,061,055
See accompanying notes.